Illumina Stock Tumbles Nearly 5% Overnight On Robinhood As China Adds ILMN, Calvin Klein Owner PVH To 'Unreliable Entities List' Amid Trade War With US

Shares of Illumina Inc. (NASDAQ:ILMN) fell nearly 4% on Robinhood overnight after the Chinese Ministry of Commerce added the company, along with Calvin Klein owner PVH Corp. (NYSE:PVH) to the unreliable entities list amid the ongoing trade war with the U.S..

What Happened: China claimed in its press release that these two companies have disrupted normal market transactions and tried to harm the legitimate rights and interests of Chinese enterprises.

The specific measures to be taken against the companies have not yet been disclosed. However, they are expected to be in line with ...

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